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Bybit declares war on North Korea's Lazarus crime-ring to regain $1.5B stolen from wallet

ID: 6cd89280-0b05-5ae3-b79b-f3a2a2c18d4f

STIX ID: report--6cd89280-0b05-5ae3-b79b-f3a2a2c18d4f

Feed Name: The Register (Security)

Threat Score
90/100

Date Published: 2025-02-26

Date Updated: 2026-04-26

Author: Iain Thomson

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Bybit disclosed that on Feb 21 a transfer from an ETH cold wallet was manipulated so that over 400,000 ETH and stETH (~$1.5B) were diverted to an unknown address; forensic analysis (Sygnia/Verichains and SafeWallet) indicates the theft resulted from tampered SafeWallet JavaScript hosted on cloud storage after a SafeWallet developer machine was compromised, and attribution has been made to North Korea's Lazarus Group — Bybit has launched a bounty and recovery program to reclaim funds and incentivize tracking of stolen assets.

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